The top 1% built its wealth primarily through stocks and businesses, assets that have soared in value for decades. In fact, every group below the top 1% has lost share since 1989: even the next 9% of households, from the 90th to 99th percentiles, slipped from 38.0% to 36.4%.
Could it be that the “job creators” are taking advantage?
The Power Law Distribution at work. Wealth creates wealth when not squandered. Physical labor has no chance and brain labor is under attack by AI. The only chance for people is to live below their means and invest.
The Captain
Only of the tax code. It is sabotaging our real GDP growth rate. We no longer have economies of scale. In real terms costs to all Americans have risen.
